Deutsche Börse Expands Innovative Centrally Cleared Crypto Offering on Xetra with Ethereum and Bitcoin Cash

Since Exchange Traded Notes (ETNs) issued by 21Shares and ETC Group on the cryptocurrencies Ethereum and Bitcoin Cash have been available to investors on Xetra, Deutsche Börse is expanding its range of innovative, centrally cleared crypto ETNs.

The new products are physically backed and listed on the Regulated Market of the Frankfurt Stock Exchange.

Head of Deutsche Börse's ETF segment, Stephan Kraus said: "Cryptocurrencies are a rapidly growing market segment. With the expansion to Ethereum and Bitcoin Cash, we are now offering further investment opportunities to trade crypto products efficiently in a regulated on-exchange environment. This means investors no longer have to turn to unregulated crypto venues or set up their own crypto wallets."

"Central clearing of the products significantly reduces the settlement risks and thus enables many professional investors to invest in crypto products," added Kraus.

Last June, Deutsche Börse launched the world's first centrally cleared Bitcoin ETN on Xetra. The product has been heavily traded by both private and institutional investors and was recently the highest-volume product in the ETF & ETP segment on Xetra for some days.

The product offering in Deutsche Börse's ETF & ETP Segment currently comprises a total of 1,639 ETFs and 202 ETCs and ETNs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.